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Author Topic: Buying BTC With PayPal  (Read 563 times)
SellingHBOGo
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January 15, 2015, 05:11:39 PM
 #1

Buying at preev rate plus 5%, using escrow. The payment will be sent as family or friends

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KWH
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January 15, 2015, 08:26:33 PM
 #2

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
SellingHBOGo
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January 15, 2015, 08:41:45 PM
 #3

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.
I've purchased over $500 worth btc using PayPal from BitRent and Bitcoins101, but I'd like to see if I can grab any coins for market rate, no fees. Escrow is so that I have protection if the seller decides to run away after receiving PayPal payment.

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January 15, 2015, 09:18:25 PM
 #4

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad

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legendster
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January 15, 2015, 09:31:12 PM
 #5

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

You wont find people selling at market rates on the forum.

SellingHBOGo
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January 15, 2015, 10:20:27 PM
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Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

You wont find people selling at market rates on the forum.
Alright, guess I'll just buy from BitRent then, unless someone can do 5% over market

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January 15, 2015, 10:31:04 PM
 #7

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad

Chargeback can happen using family and friends so never think this method is completely safe, it is not. Too many have been burned with this method.

OP, escrow does not protect the seller if Paypal is used, you need to update your post as it is incorrect.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
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January 15, 2015, 10:41:22 PM
 #8

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad
family and friends will only stop charge backs if the person initiating the chargeback is honest. If they admit to authorizing the transaction then paypal will not grant the chargeback.

The problem is that a scammer obviously has no problems lying to paypal about them actually authorizing the transaction as they would have had to have lied to you about sending the payment

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January 16, 2015, 05:42:03 AM
 #9

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad
family and friends will only stop charge backs if the person initiating the chargeback is honest. If they admit to authorizing the transaction then paypal will not grant the chargeback.

The problem is that a scammer obviously has no problems lying to paypal about them actually authorizing the transaction as they would have had to have lied to you about sending the payment

Simply declare your account hacked or stollen, and they will recover it.

Regardless of method.
Unless the receiver has a throw away paypal they can get funds out of (to somewhere) Than they're at risk.

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January 16, 2015, 05:52:15 AM
 #10

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad
family and friends will only stop charge backs if the person initiating the chargeback is honest. If they admit to authorizing the transaction then paypal will not grant the chargeback.

The problem is that a scammer obviously has no problems lying to paypal about them actually authorizing the transaction as they would have had to have lied to you about sending the payment

Simply declare your account hacked or stollen, and they will recover it.

Regardless of method.
Unless the receiver has a throw away paypal they can get funds out of (to somewhere) Than they're at risk.
This would not be acting honestly. It would not be the truth. I have never had to initiate a paypal chargeback before but I have had to initiate a credit card chargeback and they make you swear what you are saying is true under the penally of perjury.

I don't care how much money I lost, I am not going to lie under oath in order to get even several thousand dollars back. Doing so would effectively make me a scammer 

legendster
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January 16, 2015, 07:28:26 AM
 #11

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad
family and friends will only stop charge backs if the person initiating the chargeback is honest. If they admit to authorizing the transaction then paypal will not grant the chargeback.

The problem is that a scammer obviously has no problems lying to paypal about them actually authorizing the transaction as they would have had to have lied to you about sending the payment

Simply declare your account hacked or stollen, and they will recover it.

Regardless of method.
Unless the receiver has a throw away paypal they can get funds out of (to somewhere) Than they're at risk.
This would not be acting honestly. It would not be the truth. I have never had to initiate a paypal chargeback before but I have had to initiate a credit card chargeback and they make you swear what you are saying is true under the penally of perjury.

I don't care how much money I lost, I am not going to lie under oath in order to get even several thousand dollars back. Doing so would effectively make me a scammer 

Lol a scammer wont care about 'truth' he'll only care about getting money into his hands.

takagari
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January 16, 2015, 07:29:24 AM
 #12

... I was simply pointing out that nothing is safe.
A scammer can get funds back pretty easily.

legendster
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January 16, 2015, 07:31:14 AM
 #13

... I was simply pointing out that nothing is safe.
A scammer can get funds back pretty easily.

there is a 'safe' method to withdraw funds from paypal. Without getting chargedback.
Unfortunately cant disclose that process.

Quickseller
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January 16, 2015, 07:31:34 AM
 #14

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad
family and friends will only stop charge backs if the person initiating the chargeback is honest. If they admit to authorizing the transaction then paypal will not grant the chargeback.

The problem is that a scammer obviously has no problems lying to paypal about them actually authorizing the transaction as they would have had to have lied to you about sending the payment

Simply declare your account hacked or stollen, and they will recover it.

Regardless of method.
Unless the receiver has a throw away paypal they can get funds out of (to somewhere) Than they're at risk.
This would not be acting honestly. It would not be the truth. I have never had to initiate a paypal chargeback before but I have had to initiate a credit card chargeback and they make you swear what you are saying is true under the penally of perjury.

I don't care how much money I lost, I am not going to lie under oath in order to get even several thousand dollars back. Doing so would effectively make me a scammer  

Lol a scammer wont care about 'truth' he'll only care about getting money into his hands.
I was referring to a situation where the person buying bitcoin is honest and goes first because "paypal can be reversed" but then cannot get a chargeback when the other party does not send the bitcoin and scams

arvindr
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January 16, 2015, 12:16:52 PM
 #15

Buying at market price, and we use escrow for both of our safety. The payment will be sent as family or friends

Escrow nor family and friends will stop a chargeback using Paypal.

As a matter of fact "family and friends" will stop chargebacks on paypal, happened to me recently  Sad

Well if you rescind payments by requesting your CC company to stop it, then it will be a loss to paypal and they will charge back the buyer. I think almost all forms of payments on paypals can be chargedback.

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